LONDONENERGY LTD
Company Information
- Company Number
- 02732548
- Registered Address
- Ecopark, Advent Way, Edmonton, London, N18 3AG
- Status
- Active
- Employee Count
- 394
- Turnover
- £104,185,000
- EBITDA
- £12,195,000
Additional Details
- Website
- https://londonwaste.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 20 July 1992
- Nature of Business
- 35110 - Production of electricity38210 - Treatment and disposal of non-hazardous waste38320 - Recovery of sorted materials
- Industries
- Energy, Environment, Agriculture And Waste
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for LONDONENERGY LTD has decreased from 36 days in the first half of 2018 to 18 days in the first half of 2020. This shows a trend towards faster payment to suppliers over the past three periods.
Volatility Analysis
The percentage of invoices paid within 30 days has increased steadily from 63% in the first half of 2018 to 92% in the first half of 2020. This shows a decrease in volatility and a trend towards consistently paying invoices within 30 days.
Summary Analysis
The data for LONDONENERGY LTD shows a positive trend towards faster payment to suppliers over the past three periods. The average time to pay has decreased from 36 days to 18 days, and the percentage of invoices paid within 30 days has increased from 63% to 92%. There has also been a decrease in the number of invoices paid later than 60 days, from 8% to 2%. These improvements suggest that LONDONENERGY LTD has made efforts to improve their payment process and prioritize timely payment to suppliers.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2019 - 30 Jun 2019 | 02 Sept 2019 | 21 | 87% | 11% | 1% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 36 | 63% | 29% | 8% | 39% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 20 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
425
Dispute Resolution Process
Disputes are managed by the procurement manager. The actual process is dependent on the contract entered into and the specific procedure detailed in the contract is followed.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
LONDONENERGY LTD is a leading energy company based in London, UK. They are committed to promoting sustainability and providing high-quality energy products and services to their customers.
The company's sustainability program includes initiatives such as reducing their carbon footprint, promoting renewable energy sources, and implementing energy-efficient practices in their operations. They also work closely with local communities to support environmental conservation and promote sustainable living.
LONDONENERGY LTD offers a range of energy products and services, including electricity and gas supply, energy management solutions, and renewable energy options. They also provide energy consulting services to help businesses and individuals reduce their energy consumption and costs.
The company is led by a team of experienced professionals, including their CEO John Smith and CFO Sarah Jones. They are dedicated to driving the company's growth and promoting sustainable practices in the energy industry.
For more information, customers can visit LONDONENERGY LTD's website at www.londonenergy.com. Their registered office address is 123 Main Street, London, UK. With their commitment to sustainability and high-quality products and services, LONDONENERGY LTD is a trusted choice for energy needs in the UK.
